flexit ff&e solutions limited Company Information
Company Number
09606677
Next Accounts
Sep 2025
Shareholders
derrick christopher read
anita read
View AllGroup Structure
View All
Industry
Other building completion and finishing
+1Registered Address
tarnfield house moorfield road, yeadon, west yorkshire, LS19 7BN
Website
www.flexit-solutions.comflexit ff&e solutions limited Estimated Valuation
Pomanda estimates the enterprise value of FLEXIT FF&E SOLUTIONS LIMITED at £1.9m based on a Turnover of £4.1m and 0.47x industry multiple (adjusted for size and gross margin).
flexit ff&e solutions limited Estimated Valuation
Pomanda estimates the enterprise value of FLEXIT FF&E SOLUTIONS LIMITED at £1.7m based on an EBITDA of £375.4k and a 4.56x industry multiple (adjusted for size and gross margin).
flexit ff&e solutions limited Estimated Valuation
Pomanda estimates the enterprise value of FLEXIT FF&E SOLUTIONS LIMITED at £837.2k based on Net Assets of £367k and 2.28x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Flexit Ff&e Solutions Limited Overview
Flexit Ff&e Solutions Limited is a live company located in west yorkshire, LS19 7BN with a Companies House number of 09606677. It operates in the other building completion and finishing sector, SIC Code 43390. Founded in May 2015, it's largest shareholder is derrick christopher read with a 55.2% stake. Flexit Ff&e Solutions Limited is a established, small sized company, Pomanda has estimated its turnover at £4.1m with rapid growth in recent years.
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Flexit Ff&e Solutions Limited Health Check
Pomanda's financial health check has awarded Flexit Ff&E Solutions Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 0 areas for improvement. Company Health Check FAQs
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6 Strong
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6 Regular
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0 Weak
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Size
annual sales of £4.1m, make it in line with the average company (£4.4m)
£4.1m - Flexit Ff&e Solutions Limited
£4.4m - Industry AVG
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Growth
3 year (CAGR) sales growth of 51%, show it is growing at a faster rate (9.9%)
- Flexit Ff&e Solutions Limited
9.9% - Industry AVG
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Production
with a gross margin of 30.4%, this company has a lower cost of product (24.2%)
30.4% - Flexit Ff&e Solutions Limited
24.2% - Industry AVG
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Profitability
an operating margin of 7.7% make it more profitable than the average company (6.1%)
7.7% - Flexit Ff&e Solutions Limited
6.1% - Industry AVG
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Employees
with 18 employees, this is similar to the industry average (20)
18 - Flexit Ff&e Solutions Limited
20 - Industry AVG
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Pay Structure
on an average salary of £43.6k, the company has an equivalent pay structure (£43.6k)
- Flexit Ff&e Solutions Limited
£43.6k - Industry AVG
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Efficiency
resulting in sales per employee of £229.1k, this is more efficient (£173.4k)
£229.1k - Flexit Ff&e Solutions Limited
£173.4k - Industry AVG
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Debtor Days
it gets paid by customers after 44 days, this is near the average (51 days)
44 days - Flexit Ff&e Solutions Limited
51 days - Industry AVG
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Creditor Days
its suppliers are paid after 44 days, this is slower than average (33 days)
44 days - Flexit Ff&e Solutions Limited
33 days - Industry AVG
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Stock Days
it holds stock equivalent to 6 days, this is less than average (17 days)
6 days - Flexit Ff&e Solutions Limited
17 days - Industry AVG
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Cash Balance
has cash to cover current liabilities for 18 weeks, this is average cash available to meet short term requirements (21 weeks)
18 weeks - Flexit Ff&e Solutions Limited
21 weeks - Industry AVG
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Debt Level
it has a ratio of liabilities to total assets of 72.7%, this is a similar level of debt than the average (66.7%)
72.7% - Flexit Ff&e Solutions Limited
66.7% - Industry AVG
FLEXIT FF&E SOLUTIONS LIMITED financials
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Flexit Ff&E Solutions Limited's latest turnover from December 2023 is £4.1 million and the company has net assets of £367 thousand. According to their latest financial statements, Flexit Ff&E Solutions Limited has 18 employees and maintains cash reserves of £274.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
---|---|---|---|---|---|---|---|---|---|
Turnover | 4,123,536 | 2,853,679 | |||||||
Other Income Or Grants | 0 | 0 | |||||||
Cost Of Sales | 2,868,239 | 1,921,580 | |||||||
Gross Profit | 1,255,297 | 932,099 | |||||||
Admin Expenses | 938,838 | 667,569 | |||||||
Operating Profit | 316,459 | 264,530 | |||||||
Interest Payable | 8,105 | 4,978 | |||||||
Interest Receivable | 0 | 0 | |||||||
Pre-Tax Profit | 308,354 | 259,552 | |||||||
Tax | -87,952 | -51,595 | |||||||
Profit After Tax | 220,402 | 207,957 | |||||||
Dividends Paid | 0 | 0 | |||||||
Retained Profit | 220,402 | 207,957 | |||||||
Employee Costs | |||||||||
Number Of Employees | 18 | 14 | 14 | 13 | 8 | 7 | 6 | 4 | |
EBITDA* | 375,416 | 302,857 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 406,805 | 184,277 | 111,370 | 81,907 | 29,021 | 20,506 | 6,166 | 1,999 | 369 |
Intangible Assets | 41,000 | 53,000 | 65,000 | 77,000 | 89,000 | 101,000 | 113,000 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 447,805 | 237,277 | 176,370 | 158,907 | 118,021 | 121,506 | 119,166 | 1,999 | 369 |
Stock & work in progress | 49,335 | 11,103 | 16,085 | 9,426 | 21,006 | 0 | 972 | 0 | 391 |
Trade Debtors | 500,383 | 323,616 | 863,244 | 227,260 | 405,229 | 196,273 | 192,427 | 23,137 | 54,624 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 71,554 | 69,289 | 23,233 | 18,759 | 66,587 | 9,182 | 7,399 | 8,835 | 0 |
Cash | 274,917 | 215,824 | 250,357 | 490,446 | 356,823 | 242,180 | 229,999 | 88,311 | 21,339 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 896,189 | 619,832 | 1,152,919 | 745,891 | 849,645 | 447,635 | 430,797 | 120,283 | 76,354 |
total assets | 1,343,994 | 857,109 | 1,329,289 | 904,798 | 967,666 | 569,141 | 549,963 | 122,282 | 76,723 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 10,080 | 9,849 | 9,606 | 3,932 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 350,535 | 79,701 | 156,570 | 91,387 | 176,282 | 33,526 | 48,864 | 13,047 | 45,112 |
Group/Directors Accounts | 68,276 | 54 | 23,696 | 27,280 | 124,360 | 6,352 | 6,709 | 15,424 | 0 |
other short term finances | 90,000 | 90,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 43,236 | 10,936 | 10,153 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 193,637 | 106,260 | 424,102 | 128,266 | 166,070 | 113,982 | 167,796 | 24,204 | 0 |
total current liabilities | 755,764 | 296,800 | 624,127 | 250,865 | 466,712 | 153,860 | 223,369 | 52,675 | 45,112 |
loans | 16,488 | 116,612 | 36,461 | 46,068 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 113,831 | 22,421 | 33,380 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 57,851 | 0 | 0 |
provisions | 90,939 | 26,489 | 21,160 | 15,562 | 5,514 | 3,896 | 1,172 | 400 | 74 |
total long term liabilities | 221,258 | 165,522 | 91,001 | 61,630 | 5,514 | 3,896 | 59,023 | 400 | 74 |
total liabilities | 977,022 | 462,322 | 715,128 | 312,495 | 472,226 | 157,756 | 282,392 | 53,075 | 45,186 |
net assets | 366,972 | 394,787 | 614,161 | 592,303 | 495,440 | 411,385 | 267,571 | 69,207 | 31,537 |
total shareholders funds | 366,972 | 394,787 | 614,161 | 592,303 | 495,440 | 411,385 | 267,571 | 69,207 | 31,537 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||
Operating Profit | 316,459 | 264,530 | |||||||
Depreciation | 46,957 | 26,327 | 31,556 | 11,695 | 4,649 | 3,676 | 929 | 25 | |
Amortisation | 12,000 | 12,000 | 12,000 | 12,000 | 12,000 | 12,000 | 7,000 | 0 | |
Tax | -87,952 | -51,595 | |||||||
Stock | 38,232 | -4,982 | 6,659 | -11,580 | 21,006 | -972 | 972 | -391 | 391 |
Debtors | 179,032 | -493,572 | 640,458 | -225,797 | 266,361 | 5,629 | 167,854 | -22,652 | 54,624 |
Creditors | 270,834 | -76,869 | 65,183 | -84,895 | 142,756 | -15,338 | 35,817 | -32,065 | 45,112 |
Accruals and Deferred Income | 87,377 | -317,842 | 295,836 | -37,804 | 52,088 | -53,814 | 143,592 | 24,204 | 0 |
Deferred Taxes & Provisions | 64,450 | 5,329 | 5,598 | 10,048 | 1,618 | 2,724 | 772 | 326 | 74 |
Cash flow from operations | 492,861 | 360,434 | |||||||
Investing Activities | |||||||||
capital expenditure | |||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||||||
Financing Activities | |||||||||
Bank loans | 231 | 243 | 5,674 | 3,932 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 68,222 | -23,642 | -3,584 | -97,080 | 118,008 | -357 | -8,715 | 15,424 | 0 |
Other Short Term Loans | 0 | 90,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | -100,124 | 80,151 | -9,607 | 46,068 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 123,710 | -10,176 | 43,533 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | -57,851 | 57,851 | 0 | 0 |
share issue | |||||||||
interest | -8,105 | -4,978 | |||||||
cash flow from financing | -164,283 | -295,733 | |||||||
cash and cash equivalents | |||||||||
cash | 59,093 | -34,533 | -240,089 | 133,623 | 114,643 | 12,181 | 141,688 | 66,972 | 21,339 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 59,093 | -34,533 | -240,089 | 133,623 | 114,643 | 12,181 | 141,688 | 66,972 | 21,339 |
flexit ff&e solutions limited Credit Report and Business Information
Flexit Ff&e Solutions Limited Competitor Analysis
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Perform a competitor analysis for flexit ff&e solutions limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in LS19 area or any other competitors across 12 key performance metrics.
flexit ff&e solutions limited Ownership
FLEXIT FF&E SOLUTIONS LIMITED group structure
Flexit Ff&E Solutions Limited has no subsidiary companies.
Ultimate parent company
FLEXIT FF&E SOLUTIONS LIMITED
09606677
flexit ff&e solutions limited directors
Flexit Ff&E Solutions Limited currently has 3 directors. The longest serving directors include Mr Derrick Read (May 2015) and Mr Kenneth Fulcher (Jan 2020).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Derrick Read | United Kingdom | 42 years | May 2015 | - | Director |
Mr Kenneth Fulcher | England | 42 years | Jan 2020 | - | Director |
Mr Benjamin Fulcher | United Kingdom | 34 years | Apr 2022 | - | Director |
P&L
December 2023turnover
4.1m
+44%
operating profit
316.5k
+20%
gross margin
30.5%
-6.8%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
367k
-0.07%
total assets
1.3m
+0.57%
cash
274.9k
+0.27%
net assets
Total assets minus all liabilities
flexit ff&e solutions limited company details
company number
09606677
Type
Private limited with Share Capital
industry
43390 - Other building completion and finishing
43999 - Specialised construction activities (other than scaffold erection) n.e.c.
incorporation date
May 2015
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
LAMBERT ROPER & HORSFIELD LIMITED
auditor
-
address
tarnfield house moorfield road, yeadon, west yorkshire, LS19 7BN
Bank
-
Legal Advisor
-
flexit ff&e solutions limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to flexit ff&e solutions limited.
flexit ff&e solutions limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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flexit ff&e solutions limited Companies House Filings - See Documents
date | description | view/download |
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